YEN Carry-Trade Unwinding Part-II

[Chase]

Yen strengthened to <143 level against USD last Friday.
Nikkei opened down 1500 pts today

 

[Chase]

Shigeru Ishiba rattles the stock market
https://www.ft.com/content/124d2193-5c41-409e-87aa-536d86c8bf15

May call for snap elections 4 weeks later
https://www.channelnewsasia.com/eas...ime-minister-liberal-democratic-party-4648336

LDP's support will drop further - currently 115 seats in diet + 27 from coalition partners

 

[syed putra]

All this topsy turvy currency volatility is another source of inflation.

 

[Chase]

All this topsy turvy currency volatility is another source of inflation.

Nikkei closed -1900 points today